Save Article

Treasury Plans
To Raise Cash

WASHINGTON -- The Treasury plans to raise $20.11 billion in new cash this week with the sale of four-week bills and two-year and five-year notes.

Details of the offerings:

The Treasury plans to sell $18 billion of four-week bills today to raise $7 billion in new cash and refund $11 billion in maturing bills.

The bills will be dated July 26 and will mature Aug. 23. The Cusip number is 912795ZW4.

Noncompetitive tenders for the bills, available in minimum denominations of $1,000, must be received by 11 a.m. EDT today, and competitive tenders by 11:30 a.m.

The Treasury plans to sell $18 billion in two-year notes tomorrow and $13 billion in five-year notes Thursday. The sale will refund $17.89 billion in maturing notes and raise $13.11 billion new cash.

The notes will be dated July 31 and will mature July 31, 2009, and July 31, 2012, respectively. The Cusip number for the two-year notes is 912828GY0 and for the five-year notes is 912828GZ7.

Noncompetitive tenders for the two-year notes, available in minimum denominations of $1,000, must be received by noon Wednesday. Competitive tenders for the two-year notes, available in minimum denominations of $1,000, must be received by 1 p.m.

Noncompetitive tenders for the five-year notes, available in minimum denominations of $1,000, must be received by noon Thursday. Competitive tenders for the five-year notes, available in minimum denominations of $1,000, must be received by 1 p.m.